EURUSD Technical analysis: Price gap and trend data during the second week of July


European session, Date: 07/08/2024

Introduction and overview

The EUR/USD pair opened the second week of July with a gap at 1.0802. This gap was covered a few hours after the start of the Asian session. The euro declined after closing higher at 1.0841. Below is a technical analysis of the EUR/USD pair based on currently available data. The pair is currently trading at $1.0823. The data indicates that prices are trading above most of the moving average crossings, reflecting the strength of the trend. The MACD indicator also shows a weakness in the strength of the positive trend.

EURUSD Technical analysis

Trading strategies based on Buy/Sell levels

In case of buying in case of selling EURUSD
1.0827 1.0811 Entry point
First resistance: 1.0848 First support: 1.0791 Target Point 1 (TP1)
Second resistance: 1.0870 Second support: 1.0770 Target Point 2 (TP2)
1.0811 1.0827 Stop Loss (SL)



Based on current technical analysis, it is observed that the EUR/USD pair is showing strength in the overall trend supported by moving average data, but the MACD indicator is indicating relative weakness in the positive trend. It is important to follow global economic and political developments that may affect this pair to determine the future trend more accurately.

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